"AI Revolution to Disrupt Battery Industry: Key Insights from New Report by IDTechEx"
The battery industry is on the cusp of a revolution as artificial intelligence (AI) technologies set to play a major role in the development, manufacturing, and usage of batteries. A new report by market research firm IDTechEx provides valuable insights into AI's application areas in the battery industry, highlighting five distinct use cases that are expected to significantly impact the sector.
According to the report, the need for net-zero emissions has put immense pressure on the electrification of industries worldwide, leading to a surge in demand for batteries. The electric vehicle (EV) and energy storage system (BESS) industries, in particular, require more demanding batteries with high energy density, but at lower costs. AI is poised to be a game-changer in this space.
The report explores five key application areas where AI will play a major role:
- Materials discovery: IDTechEx expects the use of materials informatics platforms and AI-assisted cell testing methods to become increasingly popular in North America.
- Cell development and manufacturing: In East Asia, AI-assisted battery technology is set to drive demand as manufacturers seek to improve efficiency and reduce costs.
- In-life diagnostics and second-life assessment: The use of AI batteries analytics is already gaining traction in Europe, where regulatory support for sustainability and safety has led to growth in this area.
- Manufacturing management: IDTechEx notes that faster cell development and efficient manufacturing methods will become increasingly important as demand for EVs continues to grow.
The report also highlights the emergence of new markets and player innovations as AI disrupts the traditional battery industry. Key findings include:
- The need for AI-powered diagnostics and second-life assessment is expected to drive growth in the European market.
- North America's focus on faster cell development and materials discovery will fuel demand for AI-assisted battery technology.
- East Asia's emphasis on manufacturing- and development-related applications will make it a key region for AI adoption.
IDTechEx provides the most comprehensive overview of AI technologies used throughout the battery life cycle and supply chain, providing valuable insights into the potential for significant disruption and acceleration in the industry. According to the firm, AI has the potential to transform the battery industry by enabling faster cell development, improving energy density, and reducing costs.